The affordability of schools fees, balanced against the challenges of rising costs in areas such as compliance, regulations and pensions, makes running a school a difficult tightrope to walk. We understand these pressures affect your day to day operations and outlook, so our specialist team is always ready to help with the right advice, at the right time.
With the constant need to secure and build your income and add more, we can help with both immediate and long-term aspects. Our tax team has an in-depth understanding of the schools sector, especially in areas such as Employment Tax and VAT. As HMRC scrutiny becomes ever more intense, we will work hard to ensure you are well-prepared to withstand it.
Who do we help?
- Charitable independent schools
- Corporate-run independent schools
- Independent school sector bodies
We are well-known for our robust and efficient audits. Our approach is designed to ensure all key risks are highlighted at the earliest opportunity and will be delivered to meet all your needs within your reporting timetable. Auditing is obviously a major part of our work for schools, including internal audits for academies. Yet we offer knowledgeable and helpful advice on so many more of the issues that face you.
- Audit and assurance (external and internal)
- Tax advice including Gift Aid and VAT
- Corporation Tax and Employment Tax compliance
- Trading activities and benefits planning
- Negotiations with HMRC
- Strategic planning, mergers and acquisitions, due diligence
- Financial modelling, management and monitoring
- Financial benchmarking and reporting
Building for the future
The here and now is important, but survival depends on effective financial modelling and sustainability. Many schools are seeking to consolidate their strength through mergers and acquisitions, and we are thoroughly conversant with all the processes and exacting in our approach to due diligence.
When deeper financial advice is required, we can provide a holistic solution by putting you in touch with experts from our extensive network of contacts. Whether directly or in conjunction with these trusted firms, we make sure you benefit from a joined-up and effective service.
We build successful relationships with schools by not only providing exceptional expertise, but also consistently high quality service. We are proactive and will sometimes challenge you, but in a supportive and constructive way.
To share our expertise, we are very active in events and seminars, create training programmes for school bursars, governors and charity trustees, and regularly produce thought leadership articles, benchmarking reports and governance surveys.
Your feedback is important to us, so we will listen closely and respond appropriately. Through rigorous processes, a genuine interest in your success and a determination to build on it, we aim to create a long-standing relationship with you.
Schools Briefing – Autumn 2022
We are pleased to share with you that the latest version of the haysmacintyre Schools Briefing is now available to download.
Academies Accounts Direction 2020-21: What has changed?
ESFA produce the AAD annually as a guide of how to produce the statutory accounts and annual report for academies and MATs.
Charity and Not for Profit eNews
The latest edition of our Charity and Not for Profit eNews is now available to download by clicking on the button below and visiting our publications page.
Please visit our dedicated COVID-19 page on the range of financial, tax and accounting measures being introduced with our related thoughts/insights on helping businesses during this time.
We have been very impressed with their performance, delivery and professionalism since moving to them some three years ago following a tender process. Their sector knowledge is excellent, and this, coupled with the broader technical specialisms they offer, provide us with the level of audit and advisory service we both need and have to be able to evidence to external regulatory parties.
Bursar and Head of Finance
See all of our latest news related to Schools & Education.
Harpur Trust v Brazel Supreme Court Decision
The Supreme Court published their long-awaited decision yesterday (20 July 2022) regarding the Harpur Trust v Brazel...
Colchester Institute Corporation – Business or Non-Business?
CIC had assumed that it was carrying out grant funded, non-business activities and acted accordingly....
Uncertain tax treatment
A requirement to notify also exists if a provision has been made in the accounts...
Generous tax breaks for schools
There are significant opportunities for tax paying schools to benefit from generous capital allowances when...
COVID-19: HMRC Time to Pay arrangements
The uncertainty surrounding COVID-19 has left many reviewing personal and business cashflow forecasts for the...
Professional Institutes & Membership Bodies
Governance reviews: what, why, how?
Governance has been subject to particular scrutiny since the onset of the pandemic. Membership bodies...